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Technology Stocks : PairGain Technologies

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To: Rainmaker who wrote (25986)9/5/1998 10:06:00 AM
From: kvogel   of 36349
 
Buy out rumors are unrealistic at the present time. The acquiror's stockholders would not be happy if it paid more than about 50% - 80% premium which would be $12-15 at today's prices. Would PAIR shareholders' and management be happy with this price? I think not. Technology acquisitions must be "friendly" to work. If PAIR can recover to teens on it own a takeout at $20 would be possible. Of course, I wouldn't be surprised to see that happen in the short term as we are coming from extremely oversold conditions and the general market should get a bounce soon as the "big caps" have finally had their day in the toilet.

Karl
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